Browsing Category
Local
Recession Fear Stalks Oil, Copper And Stocks.
Global markets fell as investors worried that further rises in interest rates to quell decades-high inflation…
Lunch With Billionaire Businessman, Warren Buffet Goes For $19 Million
Lunch with billionaire businessman, Warren Buffett became this year’s most expensive item at the auction for…
Central Bank Of Nigeria To Spend $1.7Billion To Clear FX Backlogs By September-IMF
The World Bank has stated that Nigeria’s external reserves expect to decline. As a result, the Central Bank of…
Fuel Scarcity: Petrol Now Sold For N185/Litre In Lagos, Ogun States.
Fuel scarcity has worsened across Lagos, Ogun States, as filling stations now sell Premium Motor Spirit (PMS);…
Nigeria Rallies Support For $13bn Trans-Saharan Gas Pipeline
The Federal Government charged all parties Nigeria, Niger and Algeria involved in the construction of the $13bn…
Scarcity Hits Lagos, Abuja, Fuel Sells N180/litre As NNPC Cuts Supplies- Nigeria.
Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling…
Bauchi Uncovers 6,418 Ghost Workers, Saves N1bn Monthly- Nigeria.
Bauchi State government says that it has removed no fewer than 6,418 ghost workers from its payroll. Since the…
Debt Servicing Doubles, Hits N896bn In Three Months– Report
Nigeria’s debt servicing bill has increased by 109% to N896.56bn, findings. As a result, the country has also…
MarketAxess, Tradeweb And Bloomberg Plan Joint EU Bond Price Feed.
MarketAxess, Tradeweb and Bloomberg said o they were exploring a single price feed for corporate and government…
Nigerian Airlines, Others To Lose $700m In 2022 – IATA
The International Air Transport Association (IATA) has said that Nigerian airlines and others across Africa will…
Prestige Assurance Sees N10.5bn Gross Premium In Q3’22- Nigeria.
Prestige Assurance Plc. has projected to achieve N10.500 billion gross premium written for the third quarter…
Cost Of 12.5kg Cooking Gas Hits N9,400 In May 2022, Highest In 3 Years
The cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria has increased from N7,000 in…
AIICO Insurance Declares Dividend Of 2 Kobo Per Share For Year Ended December 2021
AIICO Insurance Plc has declared a dividend of 2 kobos per share amounting to N732 million. This is regarding and…
Wema Bank Assures Customers Of Data Confidentiality- Nigeria.
Wema Bank has said that it will ensure data confidentiality of its customers.The bank said, “We implore members of…
Rising Inflation, Others Threaten Buhari’s Poverty Reduction Scheme –World Bank…
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population…
CBN Raises Online Transfer Limit To N25 Million And N250million For Individuals…
The Central Bank of Nigeria (CBN) has raised the limit for ‘Highly Secured Online Funds Transfer'. This begins…
Nigeria’s Foreign Trade Rises To N13 Trillion In Q1 2022
Nigeria’s foreign trade rose to N13 trillion in the Q1 of 2022, increasing by 11.1% from N11.7 trillion recorded…
Despite Negative Yield, Investors Oversubscribe CBN’s June 2022 T-Bills By 527%
Nigeria’s high inflation rate has permitted a negative yield in the fixed income market. A whopping 527%…
FG, NEXIM Sign $40m Women In Oil Sector Fund
The Federal Government and the Nigerian Export-Import Bank have signed a $40m intervention fund for women in the…
Top Three Aussie Miners To Shed $11Bn In Market Value As Commodity Rout…
Australia's big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market…
China’s Oil Imports In May From Russia Soar To A Record, Surpassing Top…
China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi…
Indian Shares Flat As Metals Counter Gains In Consumer Stocks
Indian shares were little changed on Monday, with gains in consumer stocks offset by losses in metals, while…
Danone Trims Product Range As Shoppers Balk At High Prices
French food giant Danone (DANO.PA) is cutting the variety of products it sells to retailers to reduce costs.…
Babel Finance Suspends Withdrawals As Crypto Markets Slump
Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemptions of crypto assets on Friday. As…
Lagos Businesses Spend N5.3Trillion On Fossil Fuel Annually
Lagos State residents and businesses operating in the state spend about N5.3 trillion annually on fossil fuel…
Inflation Will Push 15 million Nigerians Into Poverty In Two Years.
The World Bank projects an inflation shock to push about 15 million more Nigerians into poverty between 2020 and…
Nigerian Export Promotion Council (NEPC) Eyes 40% Increase In Exports Through…
With the launch of trade houses in Egypt and Togo, NEPC, is targeting a 40% increase in the country’s exports.…
Central Bank Of Nigeria’s Intervention Funds Fuelling Inflation, World Bank…
The World Bank says the Central Bank of Nigeria’s development finance intervention is fuelling inflation in the…
Federal Government Of Nigeria’s Spending On Pension, Gratuity Falls To N356bn
The Federal Government’s expenditure on pensions and gratuity fell slightly by N3.48bn in 2021. This is according…
Credit Suisse Rejects $515 Million Claim Linked To Fraudulent Adviser
Credit Suisse (CSGN.S) on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs…